Kaynes Technology Share Price: Stock tumbles 15% to hit lower circuit after PAT falls 21% YoY
Kaynes Technology Share Price: The counter is under pressure after the company announced it financial results for the January-March quarter of FY26.
Shares of semiconductor manufacturing company Kaynes Technology opened gap down at Rs 3,760.10, a 10 per cent fall from the previous close of Rs 4,177.85 on the BSE. Amid profit booking, the stock fell further to hit the 15 per cent lower circuit of Rs 3551.2. It later crashed to an intraday low of Rs 3,366, a fall of 19.4 per cent from the last closing price. Last seen, the stock was trading at Rs 3,478 with a fall of 16.75 per cent, and the market cap of the company stood at Rs 23,326.38. The counter is under pressure after the company announced its financial results for the January-March quarter of FY26.
What's behind the fall?
The stock is under pressure after the company reported a 21 per cent year-on-year (YoY) fall in its March quarter consolidated profit. The consolidated profit of Kaynes Technology for Q4FY26 dropped to Rs 91.22 crore from Rs 116.20 crore in the same quarter last year.
The company's EBITDA at Rs 193.7 crore rose by 15 per cent YoY, but EBITDA margin dropped by 150 basis points YoY to 15.6 per cent in Q4FY26. PAT margin dropped by 450 basis points to 7.3 per cent.
The semiconductor company reported revenue growth of 33 per cent for the full financial year of 2026, contrary to the management's own projections of ending the year with 51 per cent growth. Also, the net debt of the company has reduced to Rs 207.4 crore from Rs 581.3 crore.
Kaynes Technology share price history
According to BSE Analytics, the stock has delivered a solid return of 232.84 per cent in three years and 33.15 per cent in two years. However, the stock has corrected by 46.27 per cent in one year. On a year-to-date (YTD) basis, the scrip has dipped 13.88 per cent as against the fall of 12.25 per cent in the benchmark index.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)